The Global Dollar Question and the U S Debt Sky
A Financial analysis by C B Mitchell discusses the five billion dollar scale of wartime credit operations. It explains how Britain's gold and securities moved to aid allied nations, flowed into the United States, and how American wealth and bank deposits underpin the credit maneuver. The piece compares U S wealth, population, area, and gold stocks with allied nations, showing the operation as an exchange of credits rather than direct payment. It notes that individual bank deposits vastly exceed the sum needed, while taxes gradually shift credit from households and workers to government ledgers, reshaping national debt.
MENTIONED IN THIS ARTICLE
C. B. Mitchell
Feaigent National City Company
Great Britain
France
America
United States
Smith
What Five Billion Dollars Means 2.09 Times U.S. Imports
The article compares five billion dollars in wartime bonds with national debts, exports, and money in circulation, using charts to illustrate the scale. It discusses per capita debt in various nations, the credit cycle, and how such a government loan fits into steam of war production and consumption.
MENTIONED IN THIS ARTICLE
United States
U. S
America
Union
Amer
Patriotism and the push for war bonds in wartime economy
The article argues every family must invest one third of income in government bonds and calls for higher production, reduced consumption, and strict savings. It cites European averages and urges a sober, national-minded patriotism guiding private finance toward supporting troops abroad and sustaining the war effort.
Specific Purposes of Large Donation
Washington June 11 The Red Cross lists the uses for the 100000000 it seeks from the American people as detailed by Henry P Davison chairman of the war council The plan prioritizes aid to soldiers at home and abroad and then assists allies with sick and wounded It also funds bare necessities for the homeless in devastated France aids ambulances and relief for wandering populations in Poland Lithuania and Western Russia and aims to aid those fighting for liberty in Romania Serbia and Italy to ease human misery among allies
MENTIONED IN THIS ARTICLE
Washington
Red Cross
Henry P. Davison
War Council of the Red Cross
Wilson
Davison
France
Poland
Lithuania
Russia
Rumania
Serbia
Italy
Sunday newspaper a necessity, says court
Waterloo Iowas court dismisses a complaint against the Times Tribune over blue laws. Washington Supreme Court rules injunctions under Sherman act may be secured only by the government. private parties cannot obtain them. Dissenting Justices McKenna Vandeventer and Brandeis. Indians will register for conscription after hostilities with white villagers in Uintah basin Tdapah tribe agrees to enroll. report to Leon Bone US justice department official.
MENTIONED IN THIS ARTICLE
Waterloo
Iowa
Times-Tribune
Washington
Supreme Court
New York
McKenna, Vandeventer and
Brandeis
Salt Lake City
Uintah Basin
Indian Service
Leon Bone
United States Department of Justice
Seamen seize Labour leaders before Petrograd voyage
London reports seamen and firemen's union members seized Frederick W. Jowett and James Ramsay MacDonald as they planned to sail for Petrograd. An Trafalgar Square demonstration protested their pacifist stance. The union warned members would not sail on vessels carrying pacifists without guarantees of restitution to allied merchant seamen for German submarine attacks.
MENTIONED IN THIS ARTICLE
London
National Seamen and Firemen’s Union
Frederick W. Jowett
Independent Labor Party
James Ramsey MacDonald
Labor Party
Petrograd
Trafalg Square
MacDonald
Jowett
Tabor Party
Seamen and Firemen's Union
Stockholm
International Socialist Congress
Amalgamated Lutheran Churches Form In St Paul
The Norwegian Lutheran Church of America filed incorporation papers to merge Hauge's Norwegian Evangelical Lutheran Synod of America, the Synod of the Norwegian Evangelical Lutheran Church of the United States, and the United Lutheran Church of America. About 5 million dollars in property, including educational and charitable institutions, was transferred to the new amalgamated church. Sessions focused on electing committee members and boards, with a resolution to study forming a Lutheran insurance society.
MENTIONED IN THIS ARTICLE
St. Paul
Norwegian Lutheran Church of America Today
Hauge
Norwegian Evangelical Lutheran Synod of America
Synod of the
Norwegian Evangelical Lutheran Church of the
United State
Slacker Arrests Son Over Draft Registration in San Francisco
John Larsen, a sea captain, caused the arrest of his son Eno R. Larsen in San Francisco on June 11 over alleged failure to register for the selective draft. Larsen admitted he did not register and said he was opposed to the draft.
MENTIONED IN THIS ARTICLE
San Francisco
John Larsen
Eno R. Larsen
Tuegon Ie
Larsen
Italian envoy mission prepares farewell tour pause
Washington on June 9 reports Italian envoys begin packing up in anticipation of a postponed farewell tour. The Prince of Udine, delayed by illness, will stay until he can rejoin the mission, likely within a week.
MENTIONED IN THIS ARTICLE
Ashington
Prince of
Udine
Washington state completes regular army recruiting quota
Washington on Saturday reports completion of its regular army recruiting quota, becoming the seventh state to supply its allotted number of war volunteers.
MENTIONED IN THIS ARTICLE
Washington
Also Mentioned on This Page
Ium
N. Y. Stock Exchange
Beg
N. Y
R. R
R. R. Bonds
R. R. Capitaliz
Penn. R. R. Capitaliz
U. S. Steel Corp. Cap
Inc. National Bank
Congress
Treasury
Treasury Department
Germany
Austria
United Kingdom
Tussin
Alway
National City Company
Phc
Loy
U.S
England
Austria-Hungary
Illaling
Slacker
AG AS
Horlick
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